November 28, 2016 - By Dolores Ford · 0 Comments
Range Resources Corp (NYSE:RRC) institutional sentiment increased to 2.01 in 2016 Q2. Its up 1.07, from 0.94 in 2016Q1. The ratio has increased, as 179 institutional investors increased or opened new positions, while 191 trimmed and sold positions in Range Resources Corp. The institutional investors in our partner’s database reported: 168.40 million shares, down from 187.25 million shares in 2016Q1. Also, the number of institutional investors holding Range Resources Corp in their top 10 positions increased from 7 to 9 for an increase of 2. Sold All: 44 Reduced: 147 Increased: 102 New Position: 77.
Range Resources Corporation is an independent natural gas, natural gas liquids and oil company. The company has a market cap of $9.07 billion. The Firm operates through the exploration and production of natural gas, NGLs and oil in the United States segment. It currently has negative earnings. The Firm is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.
About 1.10 million shares traded hands. Range Resources Corp. (NYSE:RRC) has declined 6.97% since April 25, 2016 and is downtrending. It has underperformed by 12.99% the S&P500.
Analysts await Range Resources Corp. (NYSE:RRC) to report earnings on February, 23. They expect $-0.02 EPS, up 98.96% or $1.91 from last year’s $-1.93 per share. After $-0.23 actual EPS reported by Range Resources Corp. for the previous quarter, Wall Street now forecasts -91.30% EPS growth.
According to Zacks Investment Research, “Range Resources Corp. acquires, develops, and finances oil and gas properties in the U.S. They seek to build value primarily through lower-risk development drilling and acquisitions while to a lesser degree pursuing higher risk exploitation and exploration projects on their extensive inventory of undeveloped acreage. Through its wholly owned subsidiary, Independent Producer Finance, the company also provides financing to small oil and gas producers by purchasing term overriding royalty interests in their properties.”
Chapter Iv Investors Llc holds 19.48% of its portfolio in Range Resources Corp. for 1.36 million shares. Sailingstone Capital Partners Llc owns 18.41 million shares or 16.76% of their US portfolio. Moreover, Mason Hill Advisors Llc has 6.82% invested in the company for 253,012 shares. The California-based Bocage Capital Llc has invested 5.44% in the stock. Sanders Capital Llc, a New York-based fund reported 14.56 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 1 insider sale for $464,028 net activity.
Ratings analysis reveals 56% of Range Resources Corp.’s analysts are positive. Out of 27 Wall Street analysts rating Range Resources Corp., 15 give it “Buy”, 2 “Sell” rating, while 10 recommend “Hold”. The lowest target is $24 while the high is $65. The stock’s average target of $44.86 is 20.56% above today’s ($37.21) share price. RRC was included in 76 notes of analysts from July 21, 2015. As per Thursday, November 12, the company rating was upgraded by RBC Capital Markets. The firm has “Sell” rating by Zacks given on Friday, August 28. The stock has “Sector Perform” rating given by KeyBanc Capital Markets on Tuesday, April 26. The firm has “Market Perform” rating given on Friday, July 29 by BMO Capital Markets. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Friday, March 11 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Neutral” rating on Friday, July 31 by Guggenheim. JP Morgan upgraded Range Resources Corp. (NYSE:RRC) on Friday, October 7 to “Overweight” rating. On Wednesday, June 8 the stock rating was downgraded by Nomura to “Neutral”. The rating was upgraded by Goldman Sachs to “Buy” on Monday, October 31.
Range Resources Corporation, incorporated on March 26, 1980, is an independent natural gas, natural gas liquids (NGLs) and oil company. The Firm operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Firm is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Dolores Ford